QCH Foundation Inc

Analysis

QCH Foundation Inc is a registered charity in United States, based in Forest Hills, NY. It received its IRS tax-exemption ruling in August 2021, 5 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, QCH Foundation Inc reported income of $70k and spending of $300k, spending 428% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $349k to $70k (-80%), an average of -80% a year. The sharpest change came in the year to June 2023, when income dropped by 80%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, QCH Foundation Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include St Louis Xmas Carolers Assn ($70k), Matinee Musicale Incorporated ($70k) and Bridgeland Community Supports Veterans ($70k).

At year end it held assets of $5.2m against liabilities of $5.2m, net assets of $64k.